Analyst Rating Update on Chevron Corporation (CVX)

Chevron Corporation (CVX) : 9 brokerage houses believe that Chevron Corporation (CVX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Chevron Corporation (CVX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.88.

Chevron Corporation (CVX) stock is expected to deviate a maximum of $10.45 from the average target price of $111.67 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $125 and the most muted being $85.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Jefferies maintains the rating on Chevron Corporation (NYSE:CVX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $114 per share to $116 per share. The rating by the firm was issued on July 11, 2016.


Chevron Corporation (NYSE:CVX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.65 and $99.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $100.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.61, notching a gain of 1.02% for the day. The total traded volume was 6,611,519 . The stock had closed at $99.59 on the previous day.

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Companys Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

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